Posts Tagged ‘coal exports’
Trump-Vance spending hundreds of millions of taxpayer dollars to prop up dying coal industry
At an Oval Office event Thursday, President Trump announced that $700 million in taxpayer money would be spent on keeping existing coal plants running, re-opening a closed coal plant in Maryland, building two new coal plants in West Virginia and Alaska, and constructing a coal export terminal in California.
Read MoreCoal Export Market Evaporates
In 2011, the nation’s three largest coal companies bet billions of dollars on future Chinese demand for steelmaking metallurgical coal, a primarily from Appalachia. When Chinese demand fell, so did the Appalachian coal export market.
Read MoreThe Export Enigma: Appalachian Coal’s Complicated Outlets Overseas
By Brian Sewell Recently, coal exports have provided operators in Appalachia with a crucial buffer against the market-driven forces that are shaping the energy landscape across the United States. According to the U.S. Energy Information Administration, between 2009 and 2011, coal exports nearly doubled in response to stagnant domestic consumption. This year, the EIA forecasts…
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